Category: Tech

Monzo, the fintech which has become one of Britain’s biggest consumer banking groups, is this weekend putting the finishing touches to an expanded fundraising involving one of the world’s best-known technology investors. Sky News has learnt that Monzo has agreed terms with Hedosophia, an early backer of Airbnb and Uber, for it to become a...

Britain is exploring new curbs on China’s access to “sensitive technologies” following allegations of cyber espionage. Oliver Dowden, the UK’s deputy prime minister, launched a review of the restrictions on Thursday. He warned that “hostile states” could use British funds and tech for “military and intelligence” projects that threaten national security. “Our open economy is...

Microsoft is opening a new office in London dedicated to artificial intelligence (AI) research and development. The tech firm’s AI boss Mustafa Suleyman said it will advertise roles for “exceptional individuals” in the coming weeks and months. But he has not said how many jobs will be created. Microsoft is a major investor in ChatGPT-creator...

Landmark agreement between United States and United Kingdom to work together to develop tests for advanced AI models The United Kingdom and the United States have signed a landmark agreement to work together on testing advanced artificial intelligence (AI). The partnership announcement will see the UK and US AI Safety Institutes to work seamlessly with...

IPPR report warns AI could remove almost 8 million jobs in the United Kingdom, with low paid, youngsters and women most at risk In recent months the risks associated with artificial intelligence (AI) have highlighted bias, discrimination, misinformation, and autonomous weapons, but a new report has issued a sobering reminder about the impact on jobs....

Start-ups in Wales and Yorkshire broke the global trend of a post-pandemic funding slump huge majority of founders are optimistic about the market for selling or listing their company, but are most likely to exit by selling to international buyers research follows new campaign to get British investors to back science and tech, or risk...

UK joins European Union’s chip funding research scheme, pledging £35 million for EU’s ‘Chips Joint Undertaking’ The United Kingdom is to join a European Union semiconductor research funding programme, that will give the UK semiconductor sector access to European funding for chip research purposes. The government announced that the UK has now joined the EU’s...

Members of the European Parliament have voted overwhelmingly to approve a new world-leading set of rules on artificial intelligence. They are designed to make sure humans stay in control of the technology – and that it benefits the human race. So what’s changing? The rules are risk-based. The riskier the effects of an artificial intelligence...

New push to get investors to back science and tech, or risk missing out on huge returns focussed on growth-ready scale-ups, the ‘Science and Tech is our superpower’ campaign aims to raise the profile of British companies to investors to boost their growth and create jobs across the country at the launch, Tech Secretary stresses...